Debunking 4 myths associated with critical illness insurance plans

 


We all are aware of the importance of health insurance. Even if you don’t already have your own Integrated Shield Plan, MediShield Life helps in the heavy lifting of hospitalisation costs that occur during an illness. However, not many are aware of the uniqueness of another form of medical coverage known as critical illness insurance. In fact, a study by LIA Singapore revealed that working adults in the country face a critical illness coverage gap of S$256,826. That is no small figure by any means.

Critical illness insurance pays you a lump sum if you are diagnosed with any of the critical illnesses covered in the plan. This payout can be used as you...


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